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☆ U.S. prosecutors seek 36-month sentence for ex-Binance CEO Changpeng Zhao
▼ + stars: | 2024-04-24 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Changpeng Zhao, founder and CEO of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris on June 16, 2022. U.S. prosecutors are seeking an above-guidance sentence of 36 months for the former CEO of cryptocurrency exchange Binance on charges of enabling money laundering, according to a sentencing memorandum out late Tuesday. The memorandum, which was filed with the court for the western district of Washington, states that Zhao should serve a higher sentence that suggested under advisory guidelines to "reflect the gravity of his crimes." Under advisory guidelines, Zhao's sentencing would come in at a range of 12 to 18 months in prison. "A custodial sentence of 36 months—twice the high end of the Guidelines range—would reflect the seriousness of the offense, promote respect for law, afford adequate deterrence, and be sufficient but not greater than necessary to achieve the goals of sentencing," U.S. prosecutors said.

Persons: Changpeng Zhao, Zhao, —, Binance Organizations: Viva Technology, Porte de, U.S, Bank, U.S . Securities, Exchange Commission, Commodity Futures Trading Commission Locations: Porte, Paris, Washington, U.S

☆ La Liga branded ‘embarrassing’ by Barcelona for lack of goal-line technology in Real Madrid’s controversial El Clásico win
▼ + stars: | 2024-04-22 | by ( Matias Grez | ) edition.cnn.com time to read: +4 min

CNN —Barcelona manager Xavi and goalkeeper Marc-André ter Stegen have labeled La Liga “embarrassing” for its lack of goal-line technology after the team was denied what it thought was a legitimate goal in Sunday’s 3-2 El Clásico defeat by Real Madrid. The camera angles provided by VAR were inconclusive – including one looking directly down the goal line that was blocked by Lunin’s body – meaning Soto’s original decision stood. According to FIFA, goal-line technology can notify a referee within “a second” if the whole of the ball has crossed the line. Barcelona's German Marc-Andre ter Stegen called La Liga's lack of goal-line technology 'embarrassing.' “I can’t find the words to explain what happened on the goal line,” Ter Stegen told reporters, per ESPN.

Persons: Xavi, Marc, André ter, Vinícius, Andreas Christensen’s, Lamine, Andriy Lunin, César Soto’s, Javier Tebas, “, ”, German Marc, Andre ter Stegen, Javier Soriano, ” Tebas, Lucía Taboada, El, Jude Bellingham, ” Ter Stegen, ” Xavi, Jude Bellingham's, David Ramos, Carlo Ancelotti, Ter Stegen Organizations: CNN —, Liga, Real Madrid, Barca, La Liga, FIFA, AFP, Getty, Liga didn’t, Diario AS, ” Real Madrid, ESPN, Real, Forbes Locations: CNN — Barcelona, Sunday’s, Spanish, German, La, Barcelona

☆ Philippines' SEC to block access to world's largest crypto exchange Binance
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +1 min

Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsMANILA, Nov 29 (Reuters) - The Philippines' Securities and Exchange Commission has begun the process of blocking access to the world's largest crypto exchange Binance, whose chief last week stepped down and pleaded guilty to breaking U.S. anti-money laundering laws. The SEC said the operator of Binance was not a registered corporation in the Philippines, and was operating without the necessary licence and authority to sell or offer any form of securities. The removal of access in the Philippines, the SEC said in a statement, will take effect within three months of the issuance of its advisory on Nov. 28 to give Filipino users time to pull out investments from the crypto exchange. Former Binance chief Changpeng Zhao stepped down as CEO last week after pleading guilty to wilfully causing the exchange to fail to maintain an effective anti-money laundering program.

Persons: Dado Ruvic, Binance, Alphabet's, Changpeng Zhao, Karen Lema, Mikhail Flores, Jan Harvey Organizations: REUTERS, Rights, Securities and Exchange Commission, SEC, Alphabet's Google, Facebook, Binance, Reuters, Thomson Locations: Rights MANILA, Philippines

☆ Zelenskyy 'bombed' at his first White House meeting and 'pissed Biden off,' says new book
▼ + stars: | 2023-08-30 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

Zelenskyy "bombed" his first Oval Office meeting with Joe Biden, according to a new book. The book says that even Zelenskyy's most ardent sympathizers in the White House thought he'd overreached. "The Last Politician: Inside Joe Biden's White House and the Struggle for America's Future" by Franklin Foer will be published in the US next week and is a source of anxiety for the White House, Politico reports. The Ukrainian president had long sought a White House meeting amid mounting tensions with Russia. Zelenskyy and Biden have forged a powerful wartime partnership US President Joe Biden and Ukrainian President Volodymyr Zelenskyy walk during an unannounced visit in Kyiv, Ukraine, on February 20, 2023.

Persons: Joe Biden, Biden, Franklin Foer, he'd, Zelenskyy, Joe Biden's, Foer, Donald Trump, —, Trump's, Trump, Volodymyr Zelenskyy Organizations: NATO, Service, White, Politico, Guardian, Random, Presidential, New York Times Locations: Wall, Silicon, Russia, Ukraine, France, Germany, Kyiv

☆ Imran Khan arrested after Pakistan court sentences ex-prime minister to three years in jail
▼ + stars: | 2023-08-05 | by ( Mubasher Bukhari Gibran Naiyyar Peshimam Charlotte Greenfield | Mubasher Bukhari | Gibran Naiyyar Peshimam | ) www.reuters.com time to read: +5 min

[1/4] Former Pakistani Prime Minister Imran Khan speaks with Reuters during an interview, in Lahore, Pakistan March 17, 2023. Khan's political party, Pakistan Tehreek-e-Insaf (PTI), said in a statement it had already filed another appeal to the Supreme Court earlier on Saturday. Khan, 70, is a former cricket star who went on to forge a political career and who was prime minister from 2018 to 2022. Information Minister Marriyum Aurangzeb said in a broadcast statement that Khan's arrest followed a full investigation and proper legal proceedings in a trial court. Khan was convicted by the court in a case that was first investigated by the election commission, which found him guilty of unlawfully selling state gifts while prime minister.

Persons: Imran Khan, Akhtar Soomro, Shehbaz Sharif's, Intezar Panjotha, Bilal Siddique Kamiana, Khan, Marriyum Aurangzeb, Sharif, Shah Mehmood Qureshi, Khan's, Qamar Javed Bajwa, Asim Munir, Mubasher Bukhari, Gibran Naiyyar Peshimam, Charlotte, William Mallard, Simon Cameron, Moore, Frances Kerry, Giles Elgood Organizations: Pakistani, Reuters, REUTERS, Police, " Police, Central Adiala, wilfully, PTI, Thomson Locations: Lahore, Pakistan, LAHORE, Islamabad, Central, Rawalpindi, Toshakhana, Khan's, Karachi, Charlotte Greenfield

☆ For North Korea, US defectors can be a propaganda win, but a logistical pain
▼ + stars: | 2023-07-19 | by ( Josh Smith | ) www.reuters.com time to read: +5 min

Analysts said discussions over the soldier's fate could see some of the first diplomatic engagement between North Korea and the United States in years. "I do not think North Korea views the latest incident as strong leverage or an opportunity to engage the U.S.," she said. "North Korea knows that the U.S. government is unlikely to change its North Korea policy or its commitment to U.S. extended deterrence because of one U.S. soldier who reportedly faced disciplinary action and wilfully crossed into North Korea." "Their conditions are better not only than the average North Korean prisoner, but of the average North Korean citizen." North Korean border guards fatally shot and burned the body of a South Korean fisheries official in 2020, and later leader Kim Jong Un ordered an entire city into lockdown when a North Korean crossed back into the country from the South.

Persons: Travis King, King, Andrei Lankov, Rachel Minyoung Lee, Tae Yong, Tae, Lankov, Otto Warmbier, Kim Jong Un, Josh Smith, David Brunnstrom, Hyonhee, Angus MacSwan Organizations: U.S, Army, Security Area, North, Korea Risk, Stimson, Korean, Thomson Locations: SEOUL, North Korea, U.S, North Korean, Pyongyang, ., United States, Seoul, Korea, Korea's, American, Korean, Washington

North Korea's state media has made no mention of the incident. North Korea has been testing increasingly powerful missiles capable of carrying nuclear warheads, including a new solid-fuel intercontinental ballistic missile last week. Forces Korea, said the military was "working with our KPA counterparts to resolve this incident," referring to North Korea's People's Army. NORTH KOREA FIRES MISSILESThe soldier was on a tour of the Panmunjom truce village with other visitors when he crossed a Military Demarcation Line, U.S. officials say. The launch came hours after the South Korea and the United States held the first round of talks on Tuesday on upgrading coordination in the event of a nuclear war with North Korea.

Persons: Travis T, King, Lloyd Austin, Austin, Isaac Taylor, Taylor, Kim Hong, Panmunjom, Tae Yong, Josh Smith, Hyonhee Shin, hyang Choi, David Brunnstrom, Phil Stewart, Idrees Ali, Kiyoshi Takenaka, Nobuhiro Kubo, Jack Kim, Lincoln Organizations: U.S, The U.S . Army, Security Area, U.S . Defence, United Nations, U.S . Forces, Korea's People's Army, Command, UNC, North Koreans, KOREA, REUTERS, Ji, U.S ., Korea's Unification Ministry, South, United, Thomson Locations: North North Korea, Pyongyang, U.S, South Korea, WASHINGTON, American, North Korea, Washington, The, New York, U.S . Forces Korea, Paju, Ji U.S, United States, Korean, Korea's, Seoul, Tokyo

☆ Some House Republicans Want to Fast-Track Biden Impeachment Push
▼ + stars: | 2023-06-26 | by ( Siobhan Hughes | ) www.wsj.com time to read: 1 min

President Biden’s son, Hunter Biden, has agreed to plead guilty to charges that he wilfully failed to pay federal income taxes. Photo: Al Drago/Bloomberg NewsWASHINGTON—House Republicans, who launched multiple investigations into President Biden soon after taking control this year, are under pressure from their hard-right flank to move to impeachment proceedings even before their probes are final, testing how far the party wants to go in using the once-rare tool.

Persons: Biden’s, Hunter Biden, wilfully, Al Drago, Biden Organizations: Bloomberg News WASHINGTON — House Republicans

☆ Malaysia to take legal action against Meta over harmful content
▼ + stars: | 2023-06-24 | by ( A. Ananthalakshmi | ) www.reuters.com time to read: +3 min

KUALA LUMPUR, June 23 (Reuters) - Malaysia said on Friday it will take legal action against Facebook parent Meta Platforms (META.O) for failing to remove "undesirable" posts, the strongest measure the country has taken to date over such content. It said Meta had failed to take sufficient action despite its repeated requests and that legal action was necessary to promote accountability for cybersecurity and to protect consumers. Asked what legal action it might take, the commission said in an emailed statement on Saturday that allowing abuse of network facilities or application services can be offences under Malaysia's Communications and Multimedia Act 1998. Facebook is Malaysia's biggest social media platform, with an estimated 60% of the country's 33 million people having a registered account. Globally, big social media firms that include Meta, Google's YouTube and TikTok are often under regulatory scrutiny over content posted on their platforms.

Persons: Anwar Ibrahim's, Meta, Miyoung Kim, Edwina Gibbs, William Mallard Organizations: Facebook, Malaysian Communications and Multimedia Commission, Malaysia's Communications, Multimedia, Malay Muslim, Meta, YouTube, Thomson Locations: KUALA LUMPUR, Malaysia, Malay, Vietnam, Indonesia

☆ 'Terrible': UK minister sorry for COVID lockdown party video
▼ + stars: | 2023-06-18 | by ( Michael Holden | ) www.reuters.com time to read: +3 min

LONDON, June 18 (Reuters) - Senior British minister Michael Gove on Sunday described a video showing a party at the ruling Conservative Party's headquarters during a lockdown in 2020 as "terrible", as COVID rule-breaking gatherings continue to hang over the government. The video was published by the Mirror newspaper just days after a parliamentary committee ruled that former Prime Minister Boris Johnson had wilfully misled lawmakers about rule-breaking lockdown parties at his office. "It's terrible," Gove, the housing minister, told Sky News. The issue of rule-breaking during COVID lockdowns helped bring down Johnson, who left office last year, and still hangs over the Conservatives and current Prime Minister Rishi Sunak. Polls suggest the Conservatives, in power since 2010, are trailing the opposition Labour party by about 20% percentage points.

Persons: Michael Gove, Conservative Party's, Boris Johnson, Johnson, Gove, COVID lockdowns, Rishi Sunak, JOHNSON, Sunak, Michael Holden, Mark Heinrich, Sharon Singleton Organizations: Senior, Conservative, Mirror, Sky News, Conservatives, Labour, Bank of, Thomson Locations: Senior British, London, COVID

☆ China seeks dialogue, says clash with U.S. would be 'unbearable disaster'
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +2 min

SINGAPORE, June 4 (Reuters) - Chinese Defence Minister Li Shangfu said on Sunday that conflict with the United States would be an "unbearable disaster" but that his country seeks dialogue over confrontation. "It is undeniable that a severe conflict or confrontation between China and the U.S. will be an unbearable disaster for the world." In their latest row, China's military criticised the United States and Canada for "deliberately provoking risk" after the countries' navies staged a rare joint sailing through the sensitive Taiwan Strait on Saturday. U.S. Secretary of Defense Lloyd Austin rebuked China in a speech at the security meeting in Singapore on Saturday for refusing to hold military talks, leaving the superpowers deadlocked over their differences. Reporting by Chen Lin, Greg Torode; Editing by Gerry Doyle and Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Li Shangfu, Li, Joe Biden's, Defense Lloyd Austin, Austin, Chen Lin, Greg Torode, Gerry Doyle, Raju Gopalakrishnan Organizations: Chinese Defence, People's Liberation Army, U.S, National Defence, . U.S, Defense, Saturday, Thomson Locations: SINGAPORE, United States, China, U.S, Washington, Beijing, Taiwan, South, Canada, ., Singapore, Russia, Asia

SINGAPORE, June 4 (Reuters) - Chinese Defence Minister Li Shangfu told Asia's top security summit on Sunday that conflict with the United States would be an "unbearable disaster" but that his country sought dialogue over confrontation. "It is undeniable that a severe conflict or confrontation between China and the U.S. will be an unbearable disaster for the world." China's military criticised the United States and Canada for "deliberately provoking risk" after their warships staged a rare joint sailing through the sensitive strait. Canadian defence minister Anita Anand said that Canada would continue to sail where international law allows, including the Strait, and that "actors in this region must engage responsibly”. In his speech, Li said China would not allow such freedom-of-navigation patrols by the United States and its allies to be "a pretext to exercise hegemony of navigation."

Persons: Li Shangfu, Li, Joe Biden's, Anita Anand, Richard Marles, Defense Lloyd Austin, Austin, Cui Tiankai, Chong Ja Ian, ”, Chen Lin, Greg Torode, Xinghui, Ben Blanchard, Kanupriya Kapoor, Gerry Doyle, Raju Gopalakrishnan Organizations: Chinese Defence, U.S, National Defence, People's Liberation Army, U.S . Navy, Pacific Command, Defense, Reuters, National University of Singapore, Thomson Locations: SINGAPORE, United States, Singapore, China, U.S, Washington, Beijing, Taiwan, South, Chinese, Taiwan Straits, Canada, Britain ., Russia, Xinghui Kok, Taipei

☆ Russia's National Bank Trust sues commodity traders for over $1 billion
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +2 min

May 5 (Reuters) - Russian bank National Bank Trust said it had filed a lawsuit in the British Virgin Islands against a number of major commodity traders and was seeking over $1 billion in relation to what it said was fraud. The case is linked to the central bank's 2017 bailout of two private banks - Rost Bank and B&N Bank (Binbank). National Bank Trust is the legal successor to Rost Bank, which it says was defrauded by employees working for the commodity traders. A Bank Trust spokesperson said its international legal teams had carried out a large-scale investigation and it had extensive evidence to support its case. The central bank aims to liquidate Bank Trust in 2027.

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